Funding you earn now, next payment 04:00 UTC−0.0364%/8h= −39.9% APRnext payment −$1.82 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Gate−0.178%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$291as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2862.862% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.178%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.108% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NOT_USDT | 0.0005070 | 0.0100 | pay 0.0050% / 4h | 1m 41s | $141K | $70K | 50x |
| Short | KuCoin NOTUSDTM | 0.0005061 | −0.0264 | pay 0.0132% / 4h | 1m 41s | $471K | $129K | 50x |
Gate NOT_USDT
KuCoin NOTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$76.44
- Price spread: −0.178% → −0.069%
- −$10.85
- Slippage, 4 orders
- −$259.18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$373.46
- Costs to cover
- 2.862%
- Break-even
- never at this rate
Slippage from Gate: live order book, 49 min ago; KuCoin: live order book, 11 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 49 min ago | 10.94 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 10.85 bp | 84.9 bp −$85 | 289.9 bp −$2,899 | doesn't fit | doesn't fit |
NOT on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOT | −0.0407% | 4h | 0.0005058 | −0.234% | $72K | $39K | — | as long as short |
| KuCoin NOTUSDTMshort | −0.0264% | 4h | 0.0005061 | −0.178% | $471K | $129K | 50x | |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −3.866% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005081 | +0.213% | $11K | $4K | 3x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005070 | 0.000% | $360K | $56K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005070 | +0.006% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDT | +0.0100% | 4h | 0.0005070 | +0.010% | $2.1M | $3.1M | 50x | as long as short |
| Bybit NOTUSDT | +0.0100% | 4h | 0.0005066 | −0.079% | $2.1M | $856K | 25x | as long as short |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005073 | +0.059% | $642K | $668K | 20x | as long as short |
| Gate NOT_USDTlong | +0.0100% | 4h | 0.0005070 | long leg | $141K | $70K | 50x |
Variational Omni NOT
Injective NOT/USDC PERP
Lighter 1000NOT
Hyperliquid NOT
Aster NOTUSDT
Binance NOTUSDT
Bybit NOTUSDT
OKX NOT-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005070 | 0.000% | $1.3M | $435K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005073 | +0.059% | $672K | $413K | 50x | as long as short |
| BingX NOT-USDC | +0.0100% | 4h | 0.0005071 | +0.020% | — | $724K | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005069 | −0.019% | $4K | — | 5x | as long as short |
| BloFin NOT-USDT | +0.0144% | 4h | 0.0005065 | −0.099% | $111K | $16K | 50x | as long as short |
| Kraken Futures PF_NOTUSD | +0.1694% | 1h | 0.0005099 | +0.571% | $50K | $8K | 10x | as long as short |
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDC
Extended kNOT-USD
BloFin NOT-USDT
Kraken Futures PF_NOTUSD